Kari Firestone, chairman, CEO and co-founder of Aureus Asset Management, revealed what she recently bought as the S&P 500 nears an all-time high.
Firestone spoke with Scott Wapner, host of The Washington City Times’s “Fast Money Halftime Report” for a special live PRO Talks discussion for PRO subscribers, where she revealed her best technology picks and reopened plays.
“I think the stocks are quite attractive,” Firestone said. “They’re not as attractive as they were last April, but we’re still talking about six to seven percent GDP growth. Earnings momentum is really, really strong. Profit margins are probably at historically high levels for much of the S&P.” 500 companies and we know interest rates are low. That means there’s really no competition for people’s money.”
Aureus Asset Management only has 35 stocks in a portfolio, so “the real estate occupied by a single name is very valuable,” Firestone said.
Read the highlights below.